Local insurance broker admitted to NSE’s incubation programMay 21, 2019
NAIROBI, Kenya, May 9 – Nile Capital Insurance Brokers has today been admitted onto the Nairobi Securities Exchange’s (NSE) premium incubation and acceleration program, Ibuka.
Nile Capital Insurance Brokers is joining the Incubator Board of the Ibuka program following a rigorous evaluation and vetting process making it the eighth company to join the program that is hosting high growth companies ready to commence their next phase of growth.
Established in 2013, Nile Capital Insurance Brokers is one of Kenya’s fastest growing insurance brokers. Guided by its mission of offering comprehensive insurance solutions to its clients, Nile Capital Insurance Brokers provides General and Life Insurance products to a wide spectrum of retail and institutional clients becoming a preferred broker for domestic and international underwriters.
Speaking during the admission ceremony, Geoffrey Odundo, NSE Chief Executive said, “This enrollment is a key milestone and will commence Nile Capital Insurance Brokers next phase of growth across its various business segments and markets.”
“We are focused on supporting business growth through a well-structured program aimed at preparing companies to list or access various capital options offered in the market in line with their strategic priorities,” he explained.
Arthur Opinya, Nile Capital Insurance Brokers Executive Director said, “We are humbled to have been selected to join the Ibuka program. We are confident that this platform will enable us to inculcate good corporate governance structures and catalyze our business growth, specifically as we look into diversifying our revenue streams and tapping into new business markets.”
Ibuka is aimed at growing visibility whilst enhancing brand recognition and business opportunities among hostee companies.
Additionally, the program will assist in inculcating improved corporatization, develop capabilities to access capital markets as well as provide a roadmap to long term corporate sustainability. Since inception, the program has attracted six companies across various sectors.